Logistics real estate developer Panattoni is planning to speculatively develop a 25-acre industrial hub in India, as part of a strategy to invest around €100m over the coming years to expand its business in the country.
Panattoni said the first phase of the Panattoni Park I Hosur project in Tamil Nadu will involve 550,000sqft of industrial space. Construction is set to begin in the third quarter of 2025, with completion expected in the second quarter of 2026.
Panattoni, which is currently constructing a 360,000sqft facility at Panattoni Park NH71 in Delhi NCR, said it plans to invest around €100m over the next few years to scale its footprint across India’s key consumption and industrial hubs.
Robert Dobrzycki, CEO and co-owner of Panattoni Europe, UK, Middle East and India, said: “India continues to be a priority geography in our global strategy. The launch of Panattoni Park I, Hosur, reflects our commitment to building a future-ready, pan-India industrial and logistics platform.
“Our long-term investment plans will continue to support India’s expanding consumption and manufacturing base.”
Sandeep Chanda, managing director for India at Panattoni, said: “Our foray into the Hosur market underscores Panattoni’s commitment to strengthening our presence in tier-one cities and high-potential warehousing corridors.
“Panattoni Park I Hosur is thoughtfully designed to enhance operational efficiency, accelerate speed to market and offer best-in-class infrastructure that meets the evolving needs of our clients.”
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